Workers shift containers at a port in Indonesia. The country mainly imports apparel and clothing accessories from China, Vietnam and Bangladesh, data from the statistics bureau shows.
Trade

Indonesia to levy 100-200% duties on clothing, ceramics, minister says

Tariffs could also soon affect imports of footwear, textiles and cosmetics

29 June 2024
An electronic board shows Shanghai and Shenzhen stock data in the Lujiazui financial district of Shanghai in March 2023.
Markets

Foreign investors in China seek new catalysts as stock rally fizzles

Low hopes for meaningful property measures at Communist Party's key third plenum

29 June 2024
An excavator digs up vines near the town of Griffith in southeast Australia.
Food & Beverage

In vino veritas: Australia wrestles with wine glut

Falling consumption among young, thirst for quality fuels change at wineries

29 June 2024
Shaky power supplies are one of the risks for foreign manufacturers.
Economy

Vietnam GDP grew 6.93% in Q2 with risks to recovery 'high'

Growth exceeds expectations in supply chain hub, puts Vietnam on track for 2024 target

29 June 2024
A Lexus plant in Kyushu, Japan. Toyota is one of the automakers hit by an inspection scandal. (Photo by Toshiki Sasazu)
Economy

Japan industrial production disrupted by Daihatsu, Toyota woes

Stoppages in auto industry continue to weigh heavily on economy, data shows

29 June 2024
Imported foods such as U.S. beef for gyudon beef bowls, center, are becoming more expensive for Japan's companies and consumers. (Source photos by Nikkei)
Currencies

Yen's purchasing power hits all-time low, at one-third of peak

Japanese households see annual costs rise $560 on costlier food and energy

29 June 2024
U.S. core inflation increased 2.6% year-on-year in May, the smallest advance since March 2021, after rising 2.8% in April.
Inflation

U.S. inflation cools in May; consumer spending rises moderately

Flat reading on prices boosts hope for Fed interest rate cuts this year

28 June 2024
The Taipei skyline. Taiwan has inked an investment agreement with Thailand in a potential boost for business.
International relations

Taiwan announces Thailand investment deal, marking first pact under Lai

Move picks up where Tsai left off in diversifying economic ties away from China

28 June 2024
Atsushi Mimura is set to take over as Japan's top currency diplomat at the end of July. (Photo by Uichiro Kasai)
Currencies

Japan appoints Atsushi Mimura as top currency diplomat as yen falls

Director-general of international bureau will replace Masato Kanda on July 31

28 June 2024
Supporters of Iranian presidential candidate Saeed Jalili hold posters of him on a street in Tehran.
Politics

Iranians vote in presidential polls as economic crisis bites

U.S. elections could shift standoff over Tehran's disputed nuclear program

28 June 2024
Campaign posters are seen in Ulaanbaatar ahead of the June 28 parliamentary elections. (Photo by Anand Tumurtogoo)
Politics

Mongolia votes in historic election under revamped system

Parliament expanded to promote inclusion but public shows little enthusiasm

28 June 2024
From left, Japanese Economy, Trade and Industry Minister Ken Saito, U.S. Commerce Secretary Gina Raimondo, and South Korean Trade, Industry and Energy Minister Ahn Duk-geun in Washington on June 26. (Photo by Shunsuke Ushigome)
International relations

U.S. and Japan face disconnect over further China chip controls

Trilateral with South Korea produces agreement on supply chain cooperation

28 June 2024
Economists expect the Philippine central bank to cut its key policy rate later in 2024.
Economy

Philippine central bank chief says August rate cut 'more likely' than before

Keeps key interest rate on hold for now amid lingering inflation worries

27 June 2024
The Japanese government is thought to have spent around 8 trillion yen ($49.9 billion) in total in late April and early May to halt the yen’s decline. (Photo by Yuji Murakami)
Currencies

Analysts expect next Japan forex intervention around 165

Tokyo awaiting May U.S. inflation data on Friday: Mizuho

27 June 2024
"We will firmly respond to moves that are too rapid or driven by speculators," Japan's top currency diplomat, Masato Kanda, said on June 24. (Photo by Suzu Takahashi)
Currencies

Yen slides under 160 to lowest level since 1986; Japan stocks fall

Drop stokes expectations for government and BOJ to step in again

27 June 2024
Japanese Prime Minister Fumio Kishida's current term at the helm of the ruling Liberal Democratic Party ends in September. (Photo by Yutaka Miyaguchi)
Economy

Kishidanomics market reforms earn high marks from Japan watchers

PM seen lagging on structural reforms and fiscal health as political pressure mounts

27 June 2024
Pakistani police officers take position during a counterterrorism training session.
Terrorism

Pakistan eyes new counterterror operations as security deteriorates

Government unveils plan after Chinese official warns future investment at risk

27 June 2024
Sri Lankan President Ranil Wickremesinghe hailed the debt restructuring plan as a "significant milestone." (Photo by Shinya Sawai)
27 June 2024
Bangladeshi workers in Dhaka line up for air tickets to return to Saudi Arabia. Many South Asian migrants work in the Middle East.
Immigration

Philippines, Bangladesh push Asian migrant numbers to record high

6.93 million workers go abroad in 2023 as remittances hit $371.5 billion

27 June 2024
Under plans to ease regulations on property ownership in Thailand, foreigners will be able to lease land for 99 years. (Photo by Ken Kobayashi)
Property

Thailand to court foreign buyers amid condominium supply glut

Government to ease rules as domestic purchasing power weakens

26 June 2024
Tourists visit Sensoji Temple in Tokyo. Foreign tourism since the COVID-19 pandemic has been concentrated in major cities. (Photo by Akira Kodaka)
Economy

Tourism surges to Japan's No. 2 'export,' behind cars

Annualized spending hits $45bn amid weak yen, outpacing electronic parts and steel

26 June 2024
Chinese Premier Li Qiang speaks at the opening session of the World Economic Forum's meeting in Dalian, China, on June 25. (World Economic Forum/Benedikt von Loebell)
Economy

China's Li says EVs and batteries meet domestic demand, enrich global supply

Premier speaks at World Economic Forum meeting in Dalian amid trade tensions

25 June 2024
The site of a deadly fire at a lithium-ion battery factory in Hwaseong, South Korea, on June 24. The majority of the victims were from overseas.
Work

South Korea factory blaze highlights risks to migrant workers

Government opens employment door wider despite safety concerns

25 June 2024
The Stock Exchange of Thailand is staring down another year as Asia's worst-performing market. (Photo by Ken Kobayashi)
Markets

Thailand expands ESG fund criteria to boost sluggish bourse

Political risk and corporate scandals still haunt investor confidence

25 June 2024
Indonesian Finance Minister Sri Mulyani Indrawati says President-elect Prabowo Subianto's free school lunch program will not affect the country's budgetary deficit target next year.
Economy

Indonesia looks to curb cost concerns over Prabowo's free meal program

Finance minister says budgetary deficit will stay under 3% of GDP in 2025

24 June 2024